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1
Which Economics question paper type is given to you?
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Economics is the study of human behaviour as it relates to the
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The downturn in the prices of shares on stock markets is a highlight of
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If = 6 and N = 6, determine the value of ∑fx
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The standard deviation of a set of data is
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The mean is the best measure of central tendency because it
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The most popular sizes of dresses and shoes are determined by the
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If the demand for a good is more elastic than its supply, the tax burden is borne
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If the price of a commodity with elastic demand increases, the revenue accruing to the producer will
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An excess demand for beans will result from
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Consumer surplus tends to be higher when demand is
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One of the assumptions of ordinal utility theory is that
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The law of diminishing marginal utility explains why
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If a consumer plans to spend 120k on four oranges but spent 80k, his consumer surplus is
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A set of factors that can shift the supply curve are changes in
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If the coefficient of price elasticity of supply is greater than one, the supply is said to be
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If commodity X is a by-product of commodity Y, this implies that both commodities are
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In perfect competition, price is determined by the
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In order to reduce hardship faced by consumers due to high prices government can introduce
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Average product is less than marginal product when
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A firm enjoying economies of scale is said to be
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The rising portion of the long-run average cost curve of a firm is an indication that it is experiencing
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An industry's supply curve is more likely to be elastic when firms are
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One of the characteristics of monopolistic competition is that
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The demand curve for factors of production
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An agreement among firms on price and segmentation is termed
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In national income accounting, tax is determined by the
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A decrease in aggregate spending in an economy will ultimately lead to
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If MPC is 0.7 while government expenditure increased by ₦ 150m, the equilibrium national income is
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The function of money which makes division of labour possible is its
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By buying treasury bills, the Central Bank of Nigeria intends to
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The velocity of money is represented as
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One of the functions of commercial banks is
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A strategy for curbing unemployment is to
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In Nigeria, the distribution of job opportunities
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National development plans in Nigeria fail mainly because of
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The ultimate aim of agricultural policies in Nigeria is to achieve
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Government can boost agricultural output in Nigeria primarily by
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Localization of industries refers to the
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In developing countries, governments influence the location of industries in order to
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A disadvantage of Nigeria's dependence on imported petroleum products is the
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The maximum number of shareholders for a limited liability company's is
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The primary motive for an individual engaging in production is to
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What is the population growth rate in 2003?
Year
Population (000)
Working Population (000)
2000
25
13
2001
30
19
2002
40
32
2003
50
49
45
The percentage of working population in 2002 is?
Year
Population (000)
Working Population (000)
2000
25
13
2001
30
19
2002
40
32
2003
50
49
46
One of the characteristics of free trade zone is
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If Nigeria imports vehicles from Japan the transaction will appear as a
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One of the objectives of ADB is to
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The choice of the method of production in an economy is determined by the
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The amount of labour hired depends on the
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